840 W Grand AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60642
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,243 sqft
Price per Sqft $280
MLS Listing ID 12505149
Year Built 1913
Annual Tax Amount $24,131
Tax Year 2022
Lot Dimensions 76.74X40.29
Property Sub-Type Mixed Use
Property Description
The subject property is located at 838-840 West Grand Ave., Chicago, IL 60642 (the "Property"). Presenting the sale of this owner-user/investment and potential future redevelopment opportunity. This urban mixed-use asset is situated in Chicago's densely populated and affluent River West neighborhood. Featuring a 3-story building, 6,243 SF GLA, 2,367 SF (58.74 x 40.29) lot, and 4 plus car parking - City of Chicago Owned. The subject property is zoned DX-3 and comprises a full basement (currently under construction), 2 commercial/retail/office spaces, and 4 large apartments. It is situated in a mixed commercial and residential city setting, making it a prime location for investment and redevelopment opportunities. The property's strategic location offers convenient access to major thoroughfares, public transportation, and a wide range of amenities, including shopping centers, restaurants, and recreational facilities. The latest neighborhood investments, such as new construction condos/rentals, restaurants, nightlife, and supermarkets, have steadily brought in new homeowners and tenants to this thrilling River West neighborhood of Chicago. The subject property presents a unique opportunity to acquire a stand-alone building in the Fulton Market District.
Location
State IL
County Cook
Area Chi - West Town
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick